U.S. private equity firm Starwood Capital Group announced bids on Thursday to acquire a quarter of Austrian property company CA Immo and a smaller stake in its rival Immofinanz, sending shares in both higher.

A Luxembourg-based unit of Starwood is offering CA Immo shareholders 27.50 euros per share, minus any dividend paid, a slight premium to Wednesday’s closing price of 26.54 euros. It is seeking to acquire up to 26 percent of the company, it said.

Starwood, which specializes in real estate, is offering Immofinanz shareholders 2.10 euros per share, minus any dividend, also slightly above Wednesday’s closing price of 2.008 euros. Starwood aims to acquire up to 5 percent of the firm.

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